Thread: Music Quiz: how much money has Stairway to Heaven made in royalty payments?
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Old 06-17-2016, 10:34 AM   #85
lawrenceRaider lawrenceRaider is offline
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Quote:
Originally Posted by DaneMcCloud View Post
The reason why it's not ignorant is that BMI, SESAC, ASCAP, PRS, etc. are all non-profit organizations. Sure, their employees are well paid, as is their CEO.

The streaming companies only payout approximately 20% of their revenues, whereas the PRO's here and abroad payout over 97% of money collected.

Big difference.
Terrestrial radio pays out 97% of money collected?
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